Board Change • May 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. General Director, CEO, Member of Management Board & Director Thanh Pham was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 07
Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 24, 2026 Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 24, 2026, at 08:30 SE Asia Standard Time. Location: galaxy innovation hub, d1 street, saigon hi-tech park, tang nhon phu ward, Vietnam Announcement • Jan 28
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Hang Xanh Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced the relocation of Hang Xanh Branch from Offices M03-M04 on the mezzanine floor and offices 101-102-103-104 on the first floor, Broadcast Building, 341-343 Dien Bien Phu Street, Gia Dinh Ward, Ho Chi Minh City to Office building No. 199 Dien Bien Phu Street, Gia Dinh Ward, Ho Chi Minh City (Part of the 1st and 3rd floors). Price Target Changed • Sep 11
Price target increased by 9.8% to ₫30,500 Up from ₫27,779, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₫31,500. Stock is up 44% over the past year. The company posted earnings per share of ₫3,671 last year. Price Target Changed • Sep 09
Price target increased by 7.2% to ₫29,008 Up from ₫27,055, the current price target is an average from 6 analysts. New target price is 8.1% below last closing price of ₫31,550. Stock is up 44% over the past year. The company posted earnings per share of ₫3,671 last year. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: ₫1,005 (vs ₫897 in 2Q 2024) Second quarter 2025 results: EPS: ₫1,005 (up from ₫897 in 2Q 2024). Revenue: ₫7.49t (up 4.6% from 2Q 2024). Net income: ₫3.51t (up 13% from 2Q 2024). Profit margin: 47% (up from 44% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Banks industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫28,250, the stock trades at a trailing P/E ratio of 7.1x. Average forward P/E is 8x in the Banks industry in Vietnam. Total returns to shareholders of 121% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫45,984 per share. Announcement • Apr 15
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Thu Duc City Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank announced company approved the change of management branch, name and location of Thu Duc City Transaction Office with the following details: 1. The change of management branch, name: - Former name: Ho Chi Minh City Development Joint Stock Commercial Bank Vikki Branch Thu Duc City Transaction Office. - Former management branch: Ho Chi Minh City Development Joint Stock Commercial Bank - Vikki Branch. - New name: Ho Chi Minh City Development Joint Stock Commercial Bank - Saigon Branch - Nguyen Luong Bang Transaction Office. - New management branch: Ho Chi Minh City Development Joint Stock Commercial Bank - Saigon Branch. 2. Relocation of Premises - Former Address: No. 199 Le Van Viet Street, Hiep Phu Ward, Thu Duc City, Ho Chi Minh City. - New Address: Golden King Building, No. 15 Nguyen Luong Bang Street, Tan Phu Ward, District 7, Ho Chi Minh City (Entire area at units R6.1 R7.1). Announcement • Mar 22
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Branches Ho Chi Minh City Development Joint Stock Commercial Bank Announced relocation of branches with details as follows: Ho Chi Minh City Development JS Commercial Bank - Tan An Branch's address before after change: No. 206 - 208 Hmg l/uong Street, Binh Cu 2 Quarter, W'ard 6, Tan An City, Long An Province and before change was Ward 3, Tan An City, Long An Province and Ho Chi Minh City Development JS Commercial Bank Ninh Hoa Branch' address after change is No. 268, 2 Thang 4 Street, Residential Group 4, Ninh Hiep Ward, Ninh Hoa Town, Khanh Hoa Proyince and before change is No. 656 Tran Quy Cap, Residential Group l, Ninh Hoa Town, Khanh Hoa Province. Announcement • Mar 13
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Vinh Linh Transaction Office Ho Chi Minh City Development JS Commercial Bank announced relocation of Vinh Linh transaction office from Huu Nghi Hamlet, Ho Xa Town, Linh District, Quang Tri Province to 173 Le Duan Street, Huu Nghi Quarter, Ho Xa Town, Vinh Linh District, Quang Tri Province. Announcement • Mar 05
Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 24, 2025 Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 24, 2025, at 08:30 SE Asia Standard Time. Location: galaxy innovation hub, d1 road, hi-tech park., district 9, ho chi minh Vietnam Announcement • Feb 27
Ho Chi Minh City Development JS Commercial Bank Announces Relocation of Ea H'leo Transaction Office Ho Chi Minh City Development JS Commercial Bank announced relocation of Ea H'leo transaction office. Dak Lak Branch - Ea H'leo transaction office Address: No. 412 Giai Phong, Ea Drang Town, Ea H'Leo District, Dak Lak Province. No.613 Giai Phong, Residential Group 6, Ea Drang Town, Ea H'Leo District, Dak Lak Province. Announcement • Jan 22
Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) acquired DongA Commercial Joint Stock Bank. Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) acquired DongA Commercial Joint Stock Bank on January 17, 2025.
YKVN Lawyers acted as legal advisor for Ho Chi Minh City Development Joint Stock Commercial Bank.
Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) completed the acquisition of DongA Commercial Joint Stock Bank on January 17, 2025. Announcement • Jan 18
Ho Chi Minh City Development Joint Stock Commercial Bank Announces the Relocation of Thai Binh Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced Thai Binh Branch has relocated from Lot 7-8 Tran Phu, Tran Hung Dao Ward, Thai Binh City, Thai Binh Province to No. 05 Quang Trung Street, Residential Group 1, Quang Trung Ward, Thai Binh City. Thai Binh Province. Announcement • Jan 14
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Son Ha Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank announced relocation of Son Ha Transaction office: Information before change: Ho Chi Minh City Development JS Commercial Bank - Quang Ngai Branch - Son Ha Transaction office, Address: No. 348, 17 Thang 3 Street, Di Lang Town, Son Ha District, Quang Ngai Province. Information after change: Ho Chi Minh City Development JS Commercial Bank- Quang Ngai Branch -Chan O Transaction Office, Address: No. 517-519 Pham Van Dong Street, Chan O Town, Binh Son District, Quang Ngai Province. Announcement • Jan 09
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Binh Luc Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank announced on January 7, 2025, the relocation of Binh Luc transaction office from No. 115, Resettlement Area, Le Hong Phong Ward, Phu Ly City, Ha Nam Province to No. 858 & 860A, Tran Hung Dao Street, Binh Thang Residential Group, Binh My Town, Binh Luc District, Ha Nam Province. Announcement • Jan 07
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Branches Ho Chi Minh City Development Joint Stock Commercial Bank announces Relocation of branches. Ho Chi Minh City Development JS Commercial Bank - Phu My Branch changed from Tan Phuoc Ward, Phu My Town, Ba Ria - Vung Tau Province to Land plot No. 342 and 343, Map Sheet No. 43, Truong Chinh Street, Phu My Ward Phu my Town, Ba Ria - Vung Tau Province.
Ho Chi Minh City Development JS Commercial Bank - Dong Dak Lak Branch changed from No. 828 Nguyen Tat Thanh, Ea Kar Town, Ea Kar District, Dak Lak Province to No. 22 Quang Trung, Ea Kar Town, Ea Kar District, Dak Lak Province. Ho Chi Minh City Development JS Commercial Bank - Kien Giang Branch changed from No. 882-881-886, Ba Thang Hai Street, An Hoa Ward, Rach Gia City, Kien Giang Province to No. 936-938, Ba Thong Hai Street, An Hoa Ward, Rach Gia City, Kien Giang Province. Announcement • Dec 20
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Nam Phuoc Long Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank announced relocation of Nam Phuoc Long Transaction Office. Name: Ho Chi Minh City development JS Commercial Bank-Bac Lieu Branch-Nam Phuoc Long Transaction Office. Address: Noi O Hamlet, Phuoc Long Town, Phuoc Long District, Bac Lieu Province to No. 233A, Long Thanh Hamlet, Phuoc Long Town, Phuoc Long District, Bac Lieu Province. Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman Byoungho Kim was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 18
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Change of Address of Tan Bien Transactin Office Ho Chi Minh City Development Joint Stock Commercial Bank announced the change of address of Tan Bien transactin office of Ho Chi Minh City Development Joint Stock Commercial Bank as follows: from No.388, Quarter 9, Nguyen Ai Quoc Street, Ho Nai Ward, Bein Hoa City, Dong Nai Province to No.386 ~388, Nguyen Ai Quoc Street, Ho Nai Ward, Bein Hoa City, Dong Nai Province. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman Byoungho Kim was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 28
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Gia Lai Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced the relocation of Gia Lai Branch with derails as follows: information before change: Kiosks No. 1, 2, 3, 4, 01 Phu Dong Street, Phu Dong Ward, Pleiku City, Gia Lai Province. information after change: 182 Nguyen Tat Thanh Street, PhuDong llard. Pleiku City, Gia Lai Province (Entire Ground Floor,1st Floor, 2nd Floor. Announcement • Apr 09
Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 26, 2024 Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 26, 2024, at 01:30 Coordinated Universal Time. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: ₫3,482 (vs ₫2,679 in FY 2022) Full year 2023 results: EPS: ₫3,482 (up from ₫2,679 in FY 2022). Revenue: ₫22t (up 17% from FY 2022). Net income: ₫10t (up 30% from FY 2022). Profit margin: 46% (up from 41% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Banks industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Announcement • Oct 17
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Resignation of Tran Hoai Nam as Deputy Chief Executive Officer Ho Chi Minh City Development Joint Stock Commercial Bank announced resignation of Mr. Tran Hoai Nam as Deputy Chief Executive Officer, effective date is October 12, 2023. Price Target Changed • Sep 15
Price target increased by 9.3% to ₫26,538 Up from ₫24,270, the current price target is an average from 4 analysts. New target price is 47% above last closing price of ₫18,000. Stock is up 3.5% over the past year. The company posted earnings per share of ₫2,679 last year. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ₫1,009 (vs ₫726 in 2Q 2022) Second quarter 2023 results: EPS: ₫1,009 (up from ₫726 in 2Q 2022). Revenue: ₫4.98t (up 3.6% from 2Q 2022). Net income: ₫2.16t (up 3.8% from 2Q 2022). Profit margin: 43% (in line with 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Banks industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • May 22
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 29 May 2023. Payment date: 12 June 2023. The company last paid an ordinary dividend in June 2018. The average dividend yield among industry peers is 1.5%. Announcement • May 14
Ho Chi Minh City Development Joint Stock Commercial Bank Approves to Pay Cash Dividend for 2022, Payable Expected on June 12, 2023 Ho Chi Minh City Development Joint Stock Commercial Bank approved to pay cash dividend exercise ratio: 10%/par value (1,000 dongs/share) for 2022. The record date of May 30, 2023 and Payment time: expected on June 12, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: ₫830 (vs ₫770 in 1Q 2022) First quarter 2023 results: EPS: ₫830 (up from ₫770 in 1Q 2022). Revenue: ₫4.71t (up 5.8% from 1Q 2022). Net income: ₫2.09t (up 8.8% from 1Q 2022). Profit margin: 44% (up from 43% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Banks industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: ₫3,081 (vs ₫2,431 in FY 2021) Full year 2022 results: EPS: ₫3,081 (up from ₫2,431 in FY 2021). Revenue: ₫19t (up 31% from FY 2021). Net income: ₫7.75t (up 28% from FY 2021). Profit margin: 41% (in line with FY 2021). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Banks industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Dec 12
Ho Chi Minh City Development Joint Stock Commercial Bank announced that it expects to receive $500 million in funding Ho Chi Minh City Development Joint Stock Commercial Bank announced a private placement of convertible bonds for gross proceeds of $500 million on December 11, 2022. The transaction will involve participation from international investors. The transaction requires approval from its shareholders. Bondholders may choose to convert their bonds into common shares of the bank. Announcement • Nov 05
Ho Chi Minh City Development Joint Stock Commercial Bank Announces the Relocation of Bach Dang Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank announced Establishment and relocation of Bach Dang transaction office to Cong Hoa Branch- Hoc Mon transaction office, No. 96/3 Ba Trieu Street, Quarter l, Hoc Mon Town, Hoc Mon District, Ho Chi MinhCity from Phu Nhuan branch- Bach Dang Transaction office, No. 145 Le Quang Dinh Street, Ward 14, Binh Thanh District, Ho Chi Minh City. Announcement • Oct 13
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Establishment and Relocation of Dien Bien Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced Establishment and relocation of Dien Bien branch. Announcement • Sep 07
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Hoa Binh Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced relocation of Hoa Binh Branch. Address Before change: Tan Lap Hamlet, Dan Chu Commune, Hoa Binh City, Hoa Binh Province. After change: No. 589 Cu Chinh Lan Street, Group 12. Phuong Lam Ward, Hoa Binh City, Hoa Binh Province. Announcement • Aug 03
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Change of Address of Nguyen Huu Tho Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank announced on August 1, 2022, the relocation of Nguyen Huu Tho Transaction Office. Information before change: No. 43 - 45 Phu long Residence Area - Division 5, Nguyen Huu tho street, Phuoc Kein Commune, Nha Be District, Ho Chi Minh City. Information after change: No. 45 Phu long Residence Area - Division 5, Nguyen Huu tho street, Phuoc Kein Commune, Nha Be District, Ho Chi Minh City. Announcement • Jul 13
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Changes in Personnel Ho Chi Minh City Development Joint Stock Commercial Bank announces the Decision on the retirement of Mr. Nguyen Minh Duc - Deputy Chief Executive officer. Announcement • Jul 05
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Change of Address of Vung Tau Branch Ho Chi Minh City Development Joint Stock Commercial Bank Announced the relocation of Vung Tau branch from “No. 7 service area, 15 floors apartment, trade center on Nguyen Thai Hoc street, ward 7, vung tao city, Ba Ria- Vung Tau province” to “No. 63 lee hong phong street, ward 7, vung tau city, Ba Ria- Vung Tau province. Announcement • Apr 26
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Change of Transaction Office Address Ho Chi Minh City Development Joint Stock Commercial Bank announced Official dispatch on the relocation of transaction offices, specifically: Official dispatch No. 414/2022/CV-HDBank dated April 211, 2022 to the State Bank of Vietnam - Ha Noi City Branch on the relocation of Thu Do transaction ofrce Office dispatch No. 415/2022/CY-HDBank dated April 2l't, 2022 to the State Bank of l/ietnam - Ha Noi City Branch on the relocation of Nam Ha Noi transaction Office.Dia chi: Address: Information before change: No. 14-16 Ham Long, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi CiE. Information after change: No. 690 Lac Long Quan Street, Nhat Tan Ward, Tay Ho Disffict, Ha Noi City. Dia chi: Address: Information before change: No. 39 Tue Tinh Street, Bui Thi XuanWard, Hai Ba Trung District, Ha Noi City (1 & 2 floor). Information after change: No. 224 Ga S eet, Thuong Tin Town, Thuong Tin District, Ha Noi City.. Announcement • Apr 22
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Change of Address of Dong Sai Gon Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank announced In complian with the obligation of reporting and information disclosure of listed company in accordance with Circular No.96/2020/T|-BTC dated November 16, 2020 of the Ministry of Finance, Ho Chi Minh City Development Joint Stock Commercial Bank - HDBank announces official dispatch No. 407/2022/CV- HDBank dated April |Eh, 2022 to the State Bank of Vietnam - Ho Chi Minh City Branch on the registration of relocation of Dong Sai Gon transaction office with details as follows: Informal ion before change: Ho Chi Minh City Development JS Commercial Bank - Hiep Phu Branch - Dong Sai Gon Transaction office. previous address: No. 260 Tran Nao Street, Quarter 2, An Khonh Ward, Thu Duc City, Ho Chi Minh City to new address: No. 280 Tran Nao Street, Quarter 2, An Khanh Ward, Thu Duc City, Ho Chi Minh City. Announcement • Apr 06
Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 26, 2022 Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 26, 2022, at 07:00 Coordinated Universal Time. Board Change • Mar 13
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Vice Chairman of the Board Nguyen Do was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 06
Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 22, 2022 Ho Chi Minh City Development Joint Stock Commercial Bank, Annual General Meeting, Apr 22, 2022, at 01:30 Coordinated Universal Time. Location: 7 Cong Truong Lam Son, Ben Nghe Ward district 1, Ho Chi Minh. Ho Chi Minh Vietnam Announcement • Dec 14
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Establishing and Changing the Address of Cao Bang Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced establishment and relocation of Cao Bang Branch with details as follows: previous Address: Nguyen Du Street, Hop Giang Ward, Cao Bang City, Cao Bang Province. New address: No. 040, Kim Dong Str., Hop Giang, Ward, Cao Bang City, Cao Bang, Province (Part of the buildings). Announcement • Dec 02
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Establishing and Changing the Address of Tra Vinh Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced relocation of Tra Vinh branch. The old address No. 540, Phan Dinh Phung Street, Block 3, Ward 6, Tra Vinh City, Tra Vinh Province. New address is Vincom Shophouse PG1-01-02-03 Nam Ky Khoi Nghia Street, Block 3, Ward 2, Tra Vinh City, Tra Vinh Province. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 21% share price gain to ₫33,500, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 11x in the Banks industry in Vietnam. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫30,646 per share. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS ₫718 (vs ₫546 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫3.30t (up 8.8% from 3Q 2020). Net income: ₫1.43t (up 31% from 3Q 2020). Profit margin: 43% (up from 36% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₫27,040, the stock trades at a trailing P/E ratio of 8.2x. Average forward P/E is 10x in the Banks industry in Vietnam. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫32,345 per share. Reported Earnings • Jul 31
Second quarter 2021 earnings released The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₫3.78t (up 36% from 2Q 2020). Net income: ₫1.55t (up 28% from 2Q 2020). Profit margin: 41% (down from 43% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 07
Price target increased to ₫33,963 Up from ₫30,486, the current price target is an average from 5 analysts. New target price is 7.0% below last closing price of ₫36,500. Stock is up 131% over the past year. Price Target Changed • Apr 27
Price target increased to ₫29,138 Up from ₫26,740, the current price target is an average from 5 analysts. New target price is 8.7% above last closing price of ₫26,800. Stock is up 115% over the past year. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS ₫981 (vs ₫558 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫3.73t (up 31% from 1Q 2020). Net income: ₫1.56t (up 76% from 1Q 2020). Profit margin: 42% (up from 31% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 10
Price target raised to ₫26,740 Up from ₫24,947, the current price target is an average from 7 analysts. The new target price is close to the current share price of ₫26,100. As of last close, the stock is up 76% over the past year. Announcement • Dec 28
Ho Chi Minh City Development Joint Stock Commercial Bank announced that it has received $160 million in funding from DEG-Deutsche Investitions- und Entwicklungsgesellschaft mbH, and other investors On December 27, 2020, Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) closed the transaction. The two major reputed Asian financial institutions have registered to buy all 1,300 international bonds for a total of $130,000,000 and DEG-Deutsche Investitions- und Entwicklungsgesellschaft mbH for $30,000,000. Announcement • Nov 02
Ho Chi Minh City Development Joint Stock Commercial Bank Announces Relocation of Ho Guom Branch and Thuan Thanh Transaction Office Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) announced the Decisions on relocation of Ho Guom branch and Thuan Thanh Transaction office with details. Ho Chi Minh City Development Joint Stock Commercial Bank - Ho Guom Branch: From “No. 165 Thai Ha, Trung Liet Ward, Ha Noi City” to “Nhnn Chinh, qudn Thanh Xuan, thanh ph6 Hn NOi. No 66 Le Yan Luong l/an, Nhan, Chinh Ward, Thanh Xuott District, Ha Noi City”; Ho Chi Minh City Development Joint Stock Commercial Bank - Bac Ninh Branch - Thuan Thanh Transaction Oflice: From “No 138 New Steet road, Ho town, Thuan Thanh Districl, Bac Ninh province” to The whole building at LK13_1 and part of the building LKI 3 _2, The residential, general service and trading compuond of Ho town, Thuan Thanh District, Bac Ninh province”. Is New 90 Day High Low • Oct 20
New 90-day high: ₫25,300 The company is up 25% from its price of ₫20,231 on 22 July 2020. The Vietnamese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫13,524 per share. Announcement • Sep 08
Ho Chi Minh City Development Joint Stock Commercial Bank announced that it expects to receive $160 million in funding Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) announced a private placement of international convertible bonds for gross proceeds of $160,000,000 on September 8, 2020. The bonds are issued for a term of five years and one day in the transaction. The bonds are convertible into ordinary shares of the company. The transaction will include participation from institutional investors in developed markets. Announcement • Jul 07
Ho Chi Minh City Development Joint Stock Commercial Bank Changes the Address of Bac Lieu Branch Ho Chi Minh City Development Joint Stock Commercial Bank announced that the Board of Directors approved to relocate Bac Lieu Branch from No. 13-15 Cao Trieu Phat Street, Hamlet 10, Ward 01, Bac Lieu City, Bac Lieu Province to
No. 206-208 Tran Phu Street, Ward 07, Bac Lieu City, Bac Lieu Province.